The following facts apply to the pension plan of Carla Inc. for the year 2020. Plan assets, January 1, 2020 Projected benefit obligation, January 1, 2020 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees $537,100 537,100 8 % 40,100 25,600 51,000 34,100 Using the preceding data, compute pension expense for the year 2020. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2020 and the year-end balances in the related pension accounts. (Enter all amounts as positive.) CARLA INC. Pension Worksheet-2020 General Journal Entries Pension Asset/ Cash Liability Memo Record Projected Benefit Obligation Annual Pension Expense Plan Assets Items Balance, January 1, 2020 Service cost > Interest cost Actual return Contributions Benefits Pension Worksheet-2020 General Journal Entries Pension Asset/ Cash Liability Annual Pension Expense Memo Record Projected Benefit Obligation Plan Assets Items Balance, January 1, 2020 Service cost Interest cost Actual return > > Contributions Balance, December 31, 2020 > Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO VIDEO Question Attempts: 0 of 3 used